CubeSmart (CUBE) Operating Margin (2010 - 2026)

CubeSmart's Operating Margin history runs 17 years deep, the most recent figure standing at 8.22% for Q1 2026.

• In Q1 2026, Operating Margin fell 348.0% year-over-year to 8.22%; the TTM figure through Mar 2026 stood at 7.84% (down 667.0% YoY), while the FY2025 annual figure was 8.68%, down 683.0% from the prior year.
• Operating Margin was 8.22% for Q1 2026 at CubeSmart, up from 7.96% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 21.88% in Q4 2023 to a low of 0.15% in Q1 2022.
• Historically, Operating Margin has averaged 12.03% across 5 years, with a median of 12.87% in 2022.
• The sharpest annual moves came in 2023 and 2025: Operating Margin soared 1906 bps in 2023, then tumbled 1010 bps in 2025.
• A 5-year view of Operating Margin shows it stood at 12.87% in 2022, then soared by 70 bps to 21.88% in 2023, then fell by 17 bps to 18.06% in 2024, then sank by 56 bps to 7.96% in 2025, then advanced by 3 bps to 8.22% in 2026.
• The last three Operating Margin figures came in at 8.22% (Q1 2026), 7.96% (Q4 2025), and 7.08% (Q3 2025), per Business Quant data.